Chapter 7 Bankruptcy Indiana Income Limits 2024

For the state of Indiana, you can view the income limits below. These are re-evaluated and increased every 6 months or so, generally during the months of November and May.
Information in this article does not constitute legal advice, it is for informational purposes only, and may not constitute the most up-to-date information. Readers should contact their attorney for advice on any particular legal matter.

This information is available through this DOJ website. It is not as clear as we’d hope so we included a table below of the updated numbers for 2024. 

The Indiana bankruptcy means test calculator can also estimate whether or not you could qualify.

Keep in mind that your house hold size is important with seeing if you could qualify - if your particular household exceeds the below table, you may add $9900 per extra person.

# of PeopleAnnual Income
1$60,351
2$77,580
3$91,431
4$105,581
5$115,481
6$125,381
7$135,281
8$145,181
9$155,081

Indiana Means Test Calculator

If you are unsure as to whether or not you may qualify for a Chapter 7 bankruptcy, feel free to take our free Chapter 7 calculator. The calculator was designed with you in mind and is based on the bankruptcy means test forms in Indiana! We want to make sure you understand your eligibility, along with the other options that may be available to you based on your individual situation.

More News Stories

May 18, 2024
Have You Considered These 10 Options Before Filing for Bankruptcy

While bankruptcy is a popular solution out of debt, there are other ways to get rid of debt. If you have been reading up on bankruptcy, and it does not sound like something you would like to proceed with, there are numerous other alternatives for you. For example, you could consider home co-investment, which is different from HELOC and reverse mortgage and doesn't need monthly payments.

Read story
May 18, 2024
A Guide on How a Bankruptcy Trustee Appraises Your Home

Whether you file Chapter 7 or Chapter 13 bankruptcy, the value of your home will have an impact on your bankruptcy case. The bankruptcy trustee assigned to your case will first review the value of your home. The review will help them determine if you have non-exempt equity that you could use to pay your unsecured debts. Let us cover the basics before getting into how a trustee values your home.

Read story
May 18, 2024
Social Security Income and Disability Benefits When Taking a Bankruptcy Means Test

Before filing for bankruptcy, you need to take a Chapter 7 bankruptcy means test.

Read story